Canadian fixed rate mortgages may have reached a 10-year low territory.  Of many questions, a few important questions to ask yourself.  How high would rates need to rise for me to experience “rate stress”?  AND, if rates do eventually go up, and I have a variable rate mortgage, when should I lock in my rate or should I stay variable? 

I’ve prepared a video to discuss what I call “rate stress” using my mplan® process, give you examples of how I measure rate stress, what’s in an mplan® rate stress report and how this is relevant to your own mortgage.  Click the image below to be redirected to the video.